Successful Third Party Financing in High-Tech Facilities

Beth Shearer, Beth Shearer and Associates, Inc.

Many laboratories, hospitals, and high-tech facilities are aging and in need of energy and sustainability retrofits. For many owners of these facilities, third party financing may provide the only opportunity for implementing retrofits. The Federal government, through the Federal Energy Management Program (FEMP), has successfully implemented third-party financed projects in high-tech facilities. In this session, hear about Energy Service Companies (ESCO) and Federal agency experiences and lessons learned about factors and best practices that contribute to successful third party financed projects in high-tech facilities.

Learning Objectives

  • Participants will identify 6 factors that contribute to successful third-party financed projects.
  • Participants will list 2 best practices common to successful third-party financed projects.
  • Participants will describe the stakeholders in third-party financed projects.

Biography:

In 2004, Ms. Beth Shearer retired as the director of the U.S. Department of Energy's (DOE) Federal Energy Management Program (FEMP) and formed Beth Shearer and Associates, Inc., a consulting firm focused on public sector energy management and sustainability programs. In her role as FEMP director, Ms. Shearer brought a higher level of consciousness for green buildings and sustainable design to the federal community, shaping national policy and assisting in the development of executive orders and legislation to ensure such practices. Also as FEMP director, Ms. Shearer established the Interagency Sustainability Working Group to promote whole building sustainable design in federal facilities and strongly supported Labs21, championing the program at DOE. She regularly spoke at Labs21 Conferences and actively engaged federal agencies to become Labs21 Partners. While at FEMP, Ms. Shearer also oversaw the Energy 2000 to 2003 conferences.

Prior to joining FEMP, Ms. Shearer was the director of the first U.S. General Services Administration (GSA) Energy Center of Excellence. At GSA, she was also the principal organizer and manager of The Energy and Environmental Management (TEEM) 1994 and 1996 conferences.

Ms. Shearer has received numerous awards throughout her career, including the Presidential Award for Leadership in Federal Energy Management in 2004 and the Association of Energy Engineers Energy Management Executive of the Year in 2002.

 

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